US inflation declined on a month-on-month basis for the first time since the pandemic, providing further evidence that the economy is cooling. This factor is forcing the Fed to cut the federal funds rate. Let’s discuss this topic and make a trading plan for the EURUSD pair.
Highlights and key points
Slowing US inflation has raised September cut odds to 93%.
The market sees three Fed rate cuts in 2024.
Slumping stock indices hampered the EURUSD’s rise.
The euro may soar to 1.1-1.11.
Monthly US dollar fundamental forecast
Markets have digested the US economic data. Against the fresh statistics, the… Read full author’s opinion and review in blog of #LiteFinance
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